Mukesh Ambani News
11.01 / 14:05
markets
UPS
Trade
performer
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Over 45 Nifty 500 stocks gained between 10% and 50% in Jan so far; Sobha, JBM Auto among top gainers – check full list
Also Read: Outlook 2024: Valuations, earnings, pre-election optimism to fuel Indian stock market, says Standard Chartered Against this backdrop, certain stocks have experienced a notable surge. Within the Nifty 500 index, 47 stocks have demonstrated gains ranging from 10% to 50% in the current month so far. Shares of billionaire Mukesh Ambani-owned Network18 stood as the top gainers in the current month, with a gain of 50% so far.
10.01 / 10:24
UPS
Manufacturing
Continental
President
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Vibrant Gujarat Summit Day 1: From investments to PM Modi's address; key highlights from the global summit
Mohamed bin Zayed Al Nahyan addressed the Vibrant Gujarat Global Summit 2024 on Wednesday. The President's speech signified UAE's strong ties with India and PM Modi. Following his speech, the Prime Minister in a post on social media platform X, lauded the UAE President and said that his statements were very encouraging.
08.01 / 12:12
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CEO
Entertainment
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Sony
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Sony is planning to call off $10 billion merger with Zee
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. The Japanese conglomerate is looking to cancel the deal due to a standoff over whether Zee’s Chief Executive Officer Punit Goenka, also its founder’s son, would lead the merged entity, the people said, asking not to be named as the information is not public. While the agreement signed in 2021 was that Goenka would lead the new company, Sony no longer wants him as CEO amid a regulatory probe, the people said.
08.01 / 02:10
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Food
hospital
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Stocks to Watch: Dr Reddy's, Federal Bank, Titan, Adani Wilmar, JSW Steel
Dr Reddy's Laboratories: The drug major has recalled approximately 8,280 bottles of Tacrolimus, used to prevent organ rejection post-transplant, from the US market. This action follows the US Food & Drug Administration flagging a packaging error, amid the "presence of foreign tablets/capsules" in the lot. Reliance Industries: Billionaire Mukesh Ambani said his firm, in partnership with Canada's Brookfield, will open a data centre in Chennai next week, marking entry into the fast-growing market.
07.01 / 15:27
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Digital
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week
Global Investors Meet: Reliance-Brookfield to open Chennai data centre next week, says Mukesh Ambani
CHENNAI : Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners.
06.01 / 07:11
markets
UPS
Manufacturing
Entertainment
security
Sustainability
reports
week
Top news this week: Adani-Hindenburg SC verdict, India's GDP projection for FY24, and more
Read more Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have engaged law firms and initiated antitrust due diligence for their proposed merger in the Indian media and entertainment sector, according to four individuals with knowledge of the situation. Read more Aided by sustained investment growth and robust output in manufacturing, construction and certain services, India’s economy may grow at 7.3% in FY24, the government’s first advance estimates showed, higher than the central bank’s upwardly revised estimate of 7%. Read more The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, rose to 59 in December, up from 56.9 in the month prior.
05.01 / 08:21
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security
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Bloomberg Billionaires Index: Gautam Adani surpasses Mukesh Ambani to become Asia’s richest person with net worth of $97.6 billion
Adani Group Chairman Gautam Adani has surpassed Reliance Industries Limited Chairman Mukesh Ambani to regain the top spot as the richest man in Asia, with a total net worth of $97.6 billion, according to the Bloomberg Billionaire’s Index. Gautam Adani is now the world’s 12th richest person, up from the 15th position in December 2023.
05.01 / 05:31
UPS
Man
Enterprise
Research
Trade
Gautam Adani overtakes Mukesh Ambani as India's richest man, both climb spots on world rich list
Gautam Adani, Chairperson of the Adani Group of companies has overtaken Reliance Industries Chairman Mukesh Ambani on the Bloomberg Billionaire's Index (BBI), to become India's and Asia's richest man. While Adani has seen his worth climb into the top 12 on the world rankings, Ambani is just one rung below at 13. Both have moved up spots since last year.
04.01 / 13:11
UPS
President
RAI
cover
Inside
Features
Ram Mandir 'Pran Pratistha' invite feature booklet on ‘Ram Janmabhoomi movement’. Check details
Ram Temple consecration ceremony: The invitation cards for the consecration ceremony at the Ram mandir in Ayodhya on January 22 is in sync with the grandeur of the temple being built. It has an imposing image of the structure and also of a very young Lord Ram. Besides the large-size aesthetically designed cards, the invitation also includes a booklet carrying brief profiles of some of the key people who were involved in the Ram Janmabhoomi movement.
31.12 / 12:37
FIVE
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Man
Strategy
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stars
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Adani raises $15 bn in equity, debt in comeback strategy after Hindenburg rout
Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani.
30.12 / 06:11
Coca-Cola
economy
Remark
2020
reports
week
Top news this week: Last trading day of 2023, India's fiscal deficit, layoffs at Paytm's parent firm and more
Read more Tata Consumer Products has now joined the ranks of listed Tata Group companies with a market capitalization exceeding ₹1 lakh crore, making it the sixth firm to achieve this milestone. Read more Domestic equity benchmarks the Sensex and the Nifty 50 ended the year's last trading day on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights even as the mid and smallcap indices ended with healthy gains.
28.12 / 16:27
Digital
Platform
Racing
economy
innovations
recommendations
RIL to be among the top 10 conglomerates in the world: Mukesh Ambani
Reliance Industries (RIL) will be among the world’s top 10 business conglomerates, chairman Mukesh Ambani said on Thursday. Ambani however, did not give a timeline for the same. “We are known for disrupting the market through constant innovation and reinvention. We have shown the courage to set the bar high and the ability to jump even higher to create new records,” Ambani said while addressing employees on Reliance Family Day, the birthday of group founder Dhirubhai Ambani.
28.12 / 12:36
Digital
Cooper
Platform
economy
Dreams
innovations
Mukesh Ambani pays tribute to father Dhirubhai on Reliance Family Day, underlines vision for future
Reliance Industries Chairman and Managing Director Mukesh Ambani—in an interaction with company employees—shared his views on the legacy of founding chairman Dhirubhai Ambani and outlined a compelling vision for Reliance's future. Highlighting Reliance's core values on the 91st birth anniversary of his father, Mukesh Ambani said, "We will always cherish his timeless family values. These are — integrity, excellence, empathy, the spirit of cooperation, and the commitment to make every tomorrow better than every today for one and all.
28.12 / 10:12
Provident
Digital
Manufacturing
Platform
Mobile
country
innovations
Dhirubhai Ambani's birthday: Reliance will never be complacent, will be in world's top 10 conglomerates, says RIL CMD
businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day — the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. «Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency,» he said. «Reliance was never complacent in the past, and Reliance will never be complacent in future.»
19.12 / 01:58
film
stars
reports
BJP veterans LK Advani, Murli Manohar unlikely to attend consecration ceremony at Ayodhya's Ram Mandir
Ayodhya's Ram Mandir, the temple trust said on Monday. Speaking to media persons, Ram Temple Trust general secretary Champat Rai said, “Both are elders of the family, and considering their age, they were requested not to come, which was accepted by both." The BJP veterans who were at the forefront of the agitation for the Ram temple in Ayodhya, might not attend the ceremony due to age-related issues, according to a report published by the news agency PTI. Advani is now 96 and Joshi will turn 90 next month.
07.12 / 05:33
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FIVE
innovations
information
reports
Reliance Industries pursuing sugar mill operators for biomass plant plans
Reliance Industries (RIL), India's most valuable company, is in discussions with sugar mill operators to procure sugarcane press mud—a crucial raw material for producing compressed biogas (CBG), as per an Economic Times report citing internal sources. "RIL is actively seeking press mud from large sugar mills to support its CBG plants. The company has approached major sugar mills capable of supplying substantial volumes of press mud daily, spanning various locations nationwide," an executive involved in the discussions told the paper.
06.12 / 09:07
Man
Enterprise
Billionaire Gautam Adani climbs world's rich list, closes in on Mukesh Ambani for top spot among Indians
Gautam Adani has climbed to the 15th spot in the Bloomberg Billionaire Index (BBI) as of December 6, reaching within close distance of India's and Asia's richest man Mukesh Ambani. With net worth of $82.5 billion, the Adani Group founder is now the world's 15th richest person and the second richest Indian and Asian on the list. He has gained $12.3 billion from the last list position, but lost $38 billion year-to-date (YTD) – most of this loss can be attributed to the wealth bleed during the Hindenberg allegations.
06.12 / 01:37
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Enterprise
Experts
show
reports
Adani stocks zoom up to 20% in best single-day show
The rally propelled the group's market capitalisation to an 11-month high of ₹13.88 lakh crore, a gain of ₹3.61 lakh crore since November 28 after the Supreme Court had reserved its judgment on pleas seeking an investigation into the allegations made by Hindenburg against the Adani Group. Oral observations by the court that the Hindenburg report need not be taken as «gospel truth» had been seen by the market as positive. Group chairman Gautam Adani saw a rise in his ranking among the world's wealthiest individuals on Monday, climbing from 20 to 16, with a net worth of $70.2 billion.
05.12 / 07:49
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Enterprise
WhatsApp
Experts
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Gautam Adani is now 16th richest globally after wealth tops $70 billion
Gautam Adani is now the 16th richest man globally. His rank rose three places in the Bloomberg Billionaires Index in less than a week, thanks to a stellar 30% gain in two sessions, which has seen his fortunes surge by over $4.41 billion. His wealth now stands at $70.2 billion.
04.12 / 13:27
President
Experts
Fastenal
2020
RPL case: SAT quashes Sebi order against Mukesh Ambani, 2 others
Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's Chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
04.12 / 07:47
Provident
Booking
Aware
Mumbai
SAT quashes Sebi order against Mukesh Ambani, Navi Mumbai SEZ
MUMBAI : The Securities Appellate Tribunal has quashed the market regulator’s 2021 order against Reliance Industries Ltd managing director Mukesh Ambani, Navi Mumbai SEZ, and Mumbai SEZ in a case related to alleged manipulative trades in Reliance Petroleum Ltd shares. In January 2021, the Securities and Exchange Board of India imposed a penalty of Rs25 crore on Reliance Industries and Rs15 crore on Ambani. It had also asked Navi Mumbai SEZ to pay a penalty of Rs20 crore.
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